Hyperliquid in Malaysia
Restricted: not geoblocked by Hyperliquid, but the SC treats unregistered crypto exchanges serving Malaysians as illegal and acts against them.
| Hyperliquid terms | Not restricted by Hyperliquid's terms |
|---|---|
| National position | Restricted |
| Regulator | Securities Commission Malaysia (SC) |
| Last reviewed | 23 October 2026 |
The legal situation in Malaysia
Malaysia is not on Hyperliquid's restricted list. Operating a digital asset exchange for Malaysians without SC registration is an offence under section 7(1) of the Capital Markets and Services Act 2007, and the SC ordered Bybit to shut its Malaysian operations in December 2024. Since 14 April 2026 the SC has worked with Google to limit promotion by unregistered exchanges. We found no SC action naming Hyperliquid.
Key facts
- Dec 2024: SC ordered Bybit to disable its website and apps for Malaysians; Bybit had been on the SC Investor Alert List since 2021.
- Exchanges must register as Recognised Market Operators (DAX); revised DAX guidelines took effect on 20 May 2026.
- From 14 Apr 2026, the SC worked with Google to limit unregistered DAXs from promoting to Malaysians; it has acted against four unregistered DAXs.
- Users of unregistered platforms have no protection under Malaysian securities law; no SC rule for retail crypto derivatives was found.
- No action specifically naming Hyperliquid was found.
What are your options in Malaysia?
If Hyperliquid or local law restricts this country, the honest answer is: don't try to get around it. Using a VPN breaks Hyperliquid's Terms of Use and may break local law. Look for derivatives platforms licensed by Securities Commission Malaysia (SC), and check back here: rules change.
Sources
General information, not legal advice. Check the regulator's own website before acting.
Frequently asked questions
Is Hyperliquid legal in Malaysia?
Restricted: not geoblocked by Hyperliquid, but the SC treats unregistered crypto exchanges serving Malaysians as illegal and acts against them.
Can I use a VPN for Hyperliquid in Malaysia?
No. Hyperliquid's Terms of Use prohibit using a VPN to get around location restrictions, and it may also break local law.